Swiss & Global Asset Management launches a new fund: Julius Baer Absolute Return Europe Equity
(Source: GlobeNewswire)
Swiss & Global Asset Management /
Swiss & Global Asset Management launches a new fund: Julius Baer Absolute Return
Europe Equity
Processed and transmitted by Thomson Reuters.
The issuer is solely responsible for the content of this announcement.
Julius Baer funds
Zurich, 18 January 2011 - The success story of the Julius Baer absolute return
funds is being taken to a new level, with the bond funds gaining reinforcement
from the equities area in the shape of the Julius Baer Absolute Return Europe
Equity Fund. As part of its strategy, Swiss & Global is building on its
longstanding experience of managing European equity funds as well as in risk
management. For the year 2011, Swiss & Global was named "Best Asset Manager -
Absolute Return" by Feri EuroRating Awards.
Irrespective of the market environment at any given time, the JB Absolute Return
Europe Equity Fund aims to achieve positive absolute returns. Thanks to its
specific strategy, the fund is exposed to a considerably lower level of
volatility than the equity markets. In addition, its correlation with other
asset classes is low. This factor can be especially advantageous in what remains
a tense financial market environment, with many asset classes rising and falling
in close step with one another.
Combination of three independent strategies
The main strategy and the most important source of returns is the JB Absolute
Return Europe Equity Fund's market- and sector-neutral alpha strategy, within
which a portfolio of 50 to 80 long and short equity positions is created. This
pairs every attractive-looking stock (long position) with an unattractive
counterpart (short position) from the same sector in a pair-trading approach.
The two positions are initially given an equal weighting, thus ensuring that the
strategy is neutral in terms of both the market and the sector. Regardless of
the market trend, the JB Absolute Return Europe Equity Fund can achieve a
positive return as long as the long positions outperform their short
counterparts. This strategy is complemented by an income/liquidity element - the
collateral is invested on the money market to generate additional income - as
well as a market-directional strategy which enables the fund to make use of
sharp, temporary market movements to build up positions.
Monitored and transparent
The investment process is divided into several stages and is supported by strict
risk management throughout. The use of the very latest risk monitoring systems
such as RiskMetrics and Wilshire ensures compliance with the pre-defined risk
ranges and investment guidelines. As a UCITS III fund, the JB Absolute Return
Europe Equity Fund is subject to strict in-house and external monitoring
mechanisms. It is also highly transparent and generally ensures daily
liquidity.
Tried and tested
On the basis of a model portfolio, the investment concept proved its worth in
tests under real conditions over the course of a year. Despite the adverse
market environment, the strategy succeeded in delivering a positive absolute
return of 11%, which meant that the model portfolio (based on the market-neutral
strategy, without taking costs into account) significantly outperformed European
equity market indices. It was also considerably less volatile than European
stock markets.
Fund data (B shares, accumulation)
Fund name Julius Baer Multistock - Absolute Return
Europe Equity Fund
Launch date 30 September 2010
Domicile Luxembourg
Legal structure SICAV under Luxembourg law
Investment advisor Swiss & Global Asset Management Ltd.,
Zurich
Base currency EUR
Benchmark LIBOR EUR 3 Months
Management fee 1.20% p.a.
Performance fee 10% of the outperformance vs. the LIBOR
EUR 3 Months
(= Hurdle Rate) with high watermark
ISIN LU0529497694
About Swiss & Global Asset Management
Swiss & Global Asset Management is one of the leading dedicated asset managers
in Switzerland and worldwide. At the end of September 2010, Swiss & Global had
client assets under management totalling CHF 81.9 billion and employed more than
250 staff. The company offers a comprehensive range of investment funds,
tailored solutions for institutional clients and customised private labelling
services. Swiss & Global Asset Management is a unique combination of Swiss roots
- in the form of long-standing client relationships and strong quality awareness
- and a network that spans the globe, with more than 1,000 distribution
contracts in some 30 countries.
Swiss & Global Asset Management emerged from Julius Baer Asset Management in
October 2009 and is the exclusive manager of Julius Baer funds. Swiss & Global
is a company of the GAM Holding which is listed on the SIX Swiss Exchange. For
more information visit our website atwww.swissglobal-am.com.
Important legal information
The details do not constitute an offer. They are given for information purposes
only. No liability is assumed for the correctness and accuracy. Opinions
regarding particular funds, sub-funds or share categories, markets, market
developments or the like, solely reflect the personal opinion of the respective
author and shall not be binding on Swiss & Global Asset Management. The
translation into action of fund descriptions contained in these documents shall
always lie in the sole responsibility of the intermediary or investor.
Investments should only be made after a thorough reading of the current
Prospectus and/or the Fund Regulations, the current simplified prospectus and
articles of association, the latest annual and semiannual reports and after
advice has been obtained from an independent finance and tax specialist. The
documents mentioned can be obtained free of charge by calling +41 58 426 60 00
or from the addresses indicated below. Swiss & Global Asset Management is not a
member of the Julius Baer Group.
The value of the units and the return they generate can go down as well as up.
They are affected by market volatility and by fluctuations in exchange rates.
Past performance is not an indicator of current or future performance.
Performance values are calculated without taking account of commissions and
costs that result from selling and buying back investment. The breakdown into
sectors, countries and currencies as well as possibly indicated benchmarks is
liable to change at any time in line with the investment policy determined in
the Prospectus. The product described here is an EU-harmonized Julius Baer
investment fund domiciled in Luxembourg and admitted for public offering and
distribution in Switzerland. -Representative in Switzerland: Swiss & Global
Asset Management Ltd., Hohlstrasse 602, P.O.Box, CH-8010 Zurich. Paying Agent:
Bank Julius Baer & Co. AG, Bahnhofstrasse 36, Postfach, CH-8010 Zurich.
Contact
Claudia Bally, Media Relations T +41 58 426 61 08, media@swissglobal-am.com
--- End of Message ---
Swiss & Global Asset Management
Hohlstrasse 602 Zürich Switzerland
Press release (PDF):
http://hugin.info/143852/R/1479749/415737.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Swiss & Global Asset Management via Thomson Reuters ONE
[HUG#1479749]
Swiss & Global Asset Management launches a new fund: Julius Baer Absolute Return
Europe Equity
Processed and transmitted by Thomson Reuters.
The issuer is solely responsible for the content of this announcement.
Julius Baer funds
Zurich, 18 January 2011 - The success story of the Julius Baer absolute return
funds is being taken to a new level, with the bond funds gaining reinforcement
from the equities area in the shape of the Julius Baer Absolute Return Europe
Equity Fund. As part of its strategy, Swiss & Global is building on its
longstanding experience of managing European equity funds as well as in risk
management. For the year 2011, Swiss & Global was named "Best Asset Manager -
Absolute Return" by Feri EuroRating Awards.
Irrespective of the market environment at any given time, the JB Absolute Return
Europe Equity Fund aims to achieve positive absolute returns. Thanks to its
specific strategy, the fund is exposed to a considerably lower level of
volatility than the equity markets. In addition, its correlation with other
asset classes is low. This factor can be especially advantageous in what remains
a tense financial market environment, with many asset classes rising and falling
in close step with one another.
Combination of three independent strategies
The main strategy and the most important source of returns is the JB Absolute
Return Europe Equity Fund's market- and sector-neutral alpha strategy, within
which a portfolio of 50 to 80 long and short equity positions is created. This
pairs every attractive-looking stock (long position) with an unattractive
counterpart (short position) from the same sector in a pair-trading approach.
The two positions are initially given an equal weighting, thus ensuring that the
strategy is neutral in terms of both the market and the sector. Regardless of
the market trend, the JB Absolute Return Europe Equity Fund can achieve a
positive return as long as the long positions outperform their short
counterparts. This strategy is complemented by an income/liquidity element - the
collateral is invested on the money market to generate additional income - as
well as a market-directional strategy which enables the fund to make use of
sharp, temporary market movements to build up positions.
Monitored and transparent
The investment process is divided into several stages and is supported by strict
risk management throughout. The use of the very latest risk monitoring systems
such as RiskMetrics and Wilshire ensures compliance with the pre-defined risk
ranges and investment guidelines. As a UCITS III fund, the JB Absolute Return
Europe Equity Fund is subject to strict in-house and external monitoring
mechanisms. It is also highly transparent and generally ensures daily
liquidity.
Tried and tested
On the basis of a model portfolio, the investment concept proved its worth in
tests under real conditions over the course of a year. Despite the adverse
market environment, the strategy succeeded in delivering a positive absolute
return of 11%, which meant that the model portfolio (based on the market-neutral
strategy, without taking costs into account) significantly outperformed European
equity market indices. It was also considerably less volatile than European
stock markets.
Fund data (B shares, accumulation)
Fund name Julius Baer Multistock - Absolute Return
Europe Equity Fund
Launch date 30 September 2010
Domicile Luxembourg
Legal structure SICAV under Luxembourg law
Investment advisor Swiss & Global Asset Management Ltd.,
Zurich
Base currency EUR
Benchmark LIBOR EUR 3 Months
Management fee 1.20% p.a.
Performance fee 10% of the outperformance vs. the LIBOR
EUR 3 Months
(= Hurdle Rate) with high watermark
ISIN LU0529497694
About Swiss & Global Asset Management
Swiss & Global Asset Management is one of the leading dedicated asset managers
in Switzerland and worldwide. At the end of September 2010, Swiss & Global had
client assets under management totalling CHF 81.9 billion and employed more than
250 staff. The company offers a comprehensive range of investment funds,
tailored solutions for institutional clients and customised private labelling
services. Swiss & Global Asset Management is a unique combination of Swiss roots
- in the form of long-standing client relationships and strong quality awareness
- and a network that spans the globe, with more than 1,000 distribution
contracts in some 30 countries.
Swiss & Global Asset Management emerged from Julius Baer Asset Management in
October 2009 and is the exclusive manager of Julius Baer funds. Swiss & Global
is a company of the GAM Holding which is listed on the SIX Swiss Exchange. For
more information visit our website atwww.swissglobal-am.com.
Important legal information
The details do not constitute an offer. They are given for information purposes
only. No liability is assumed for the correctness and accuracy. Opinions
regarding particular funds, sub-funds or share categories, markets, market
developments or the like, solely reflect the personal opinion of the respective
author and shall not be binding on Swiss & Global Asset Management. The
translation into action of fund descriptions contained in these documents shall
always lie in the sole responsibility of the intermediary or investor.
Investments should only be made after a thorough reading of the current
Prospectus and/or the Fund Regulations, the current simplified prospectus and
articles of association, the latest annual and semiannual reports and after
advice has been obtained from an independent finance and tax specialist. The
documents mentioned can be obtained free of charge by calling +41 58 426 60 00
or from the addresses indicated below. Swiss & Global Asset Management is not a
member of the Julius Baer Group.
The value of the units and the return they generate can go down as well as up.
They are affected by market volatility and by fluctuations in exchange rates.
Past performance is not an indicator of current or future performance.
Performance values are calculated without taking account of commissions and
costs that result from selling and buying back investment. The breakdown into
sectors, countries and currencies as well as possibly indicated benchmarks is
liable to change at any time in line with the investment policy determined in
the Prospectus. The product described here is an EU-harmonized Julius Baer
investment fund domiciled in Luxembourg and admitted for public offering and
distribution in Switzerland. -Representative in Switzerland: Swiss & Global
Asset Management Ltd., Hohlstrasse 602, P.O.Box, CH-8010 Zurich. Paying Agent:
Bank Julius Baer & Co. AG, Bahnhofstrasse 36, Postfach, CH-8010 Zurich.
Contact
Claudia Bally, Media Relations T +41 58 426 61 08, media@swissglobal-am.com
--- End of Message ---
Swiss & Global Asset Management
Hohlstrasse 602 Zürich Switzerland
Press release (PDF):
http://hugin.info/143852/R/1479749/415737.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Swiss & Global Asset Management via Thomson Reuters ONE
[HUG#1479749]
